The crypto market opened December on a cautious note as Bitcoin slipped toward $84,470, according to trading data from CoinMarketCap. The downturn coincides with MicroStrategy confirming that a Bitcoin sale could occur under specific stress conditions, marking a notable shift from the company’s long-standing “never sell” stance.
The potential sale is tied to MicroStrategy’s mNAV and liquidity triggers. Analysts note that the company’s stock near 0.95 mNAV, just above the critical 0.9 level, could force BTC liquidation to cover obligations if market or funding conditions worsen. While no sale is planned immediately, the acknowledgment alone has influenced sentiment, prompting traders to monitor Bitcoin, Ethereum, Solana, and other major coins more closely. Market watchers also highlight the importance of institutional holdings and liquidity flows in shaping short-term volatility.
Crypto enthusiasts emphasize that long-term fundamentals remain strong, and institutional adoption continues to underpin confidence. The coming weeks will reveal whether MicroStrategy’s kill-switch remains a theoretical safeguard or a market-moving event.
Source: https://x.com/JacobKinge/status/1995239171430940711
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